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Items Tagged with 'GDP'

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Watch a HousingWire writer do the ALS challenge with tomato soup

All because today's upward 2Q GDP revision was "unexpected"
Trey Garrison
It was an morning of unexpected surprises -- an upwardly revised GDP, and a Campbell's tomato soup shower.
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Want a preview of where the 2Q GDP revision is heading?

The CBO has a clue for one and all
Trey Garrison
Well, today the Congressional Budget Office released its revised estimate of the total 2014 GDP. Take a good guess what it bodes for Thursday's Bureau of Economic Analysis GDP revision.
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Here's evidence showing the housing “recovery” isn’t real

What is real and what is Memorex?
Lynn Effinger
Many reports do not take into full consideration the differences in market conditions from one part of the country to another. The inexplicable rise in house prices in the West, for example, is not replicated in other parts of the nation.
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Only “Number Jesters” report 2Q economic growth at 4% pace

Economic revisions infuriate
Lynn Effinger
If an economist or economists continue to miss the mark by under-forecasting economic growth and then back-pedal by saying the revised numbers were “unexpected,” they should disqualify themselves from being called economists.
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BEA: Initial 2Q GDP grows at 4% pace driven by consumer spending

Advance, incomplete estimate subject to two more revisions
Trey Garrison
Real gross domestic product increased at an annual rate of 4% in the second quarter of 2014, according to the "advance" and incomplete estimate released by the Bureau of Economic Analysis Wednesday.
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Here’s why the week ahead will make or break housing and the economy

FOMC, initial 2Q GDP and jobs report will put the stamp on 2014
Trey Garrison
The best directions in the world won't help you get somewhere if you don't know where you are standing. We could do without the media spin on the economy and housing.
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Growth in rest of 2014 won't make up for record slump in 1Q

Fannie: Expect 1.5% GDP after slowest 1Q since recession
Trey Garrison
Economic growth during the second half of 2014 likely won’t be strong enough to offset the weak activity from the first two quarters of the year, according to Fannie Mae’s Economic & Strategic Research Group.
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Capital Economics: US economy about to shift into high gear

Woo-hoo! Higher wages on the way!
Jacob Gaffney
“The fiscal drag has eased, household debt has fallen to more manageable levels and property prices have recovered,” according to the executive summary of the third quarter Global Economic Outlook from the analytics firm.
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Bam! Nomura predicts GDP will double in 2015

But it won’t be because of housing
Ben Lane
In its “The Economy Next Week” report published Friday, Nomura’s analysts predict that the U.S. gross domestic product will grow 1.5% year-over-year in 2014 and will more than double that growth (3.1%) in 2015.
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Worse news, everyone: The economy shrunk 2.9%, the most since 1Q2009

Contraction this severe only happens just before or during a recession
Trey Garrison
The U.S. economy shrunk by 2.9% in the first quarter, far worse than the -1% revision reported May 29. The GDP has never fallen more than 1.5% except just before or during a recession since the government started tracking the GDP quarterly in 1947.
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